USAPAAllentownNot in Development521 N 6Th St

521 N 6Th St, Allentown, PA

Name: 521 N 6Th St, For Sale in Allentown - Zoocasa
Brand: The Real Estate Firm&PropMngmt
SKU: 783022
Price: 349000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$349,000

530

MLS® 783022

Overview

Key Facts

Type Apartment

Levels Residential Income

Size 2208 sqft

Garage Yes

Maintenance Fees

Taxes $2,537

Days Active 6

Approx. Age 1890

Avg. Price Per Sqft $158

MLS® Number 783022

Property Address: 521 N 6th St, Allentown, PA, 18102-2952

Average square foot calculated using Size range provided by listing agent.

Description

NEW PRICE: $349, 000 w/ Owner Down Payment Financing possible up to $50K as a second lien!!! 521 N. 6th Street presents an exceptional opportunity to acquire a fully licensed Single Room Occupancy (SRO) investment delivering immediate cash flow, strong operating performance, and meaningful upside in one of the Lehigh Valley’s most resilient rental markets. Priced at just $349, 000, this stabilized asset generates a Current Net Operating Income of $31, 140, producing an impressive 8.92% capitalization rate. Through modest rent optimization and continued professional management, the property offers a projected Pro Forma NOI of $34, 140, increasing returns to an outstanding 9.78% pro forma cap rate. These performance metrics position the property among the stronger cash-flow opportunities currently available in the region. Unlike traditional multifamily properties that rely on a small number of apartment leases, this licensed SRO benefits from multiple independent income streams, helping to reduce vacancy exposure while creating consistent monthly cash flow. The property is currently operating at 100% occupancy, with several rooms still offering measurable rental upside, allowing investors to increase revenue without significant capital improvements. Based on conventional financing assumptions of 25% down, 6.85% interest and 30-year amortization, the property demonstrates strong debt coverage while the potential for up to $50, 000 in owner-financed down payment assistance as a second lien may provide additional flexibility for qualified buyers. With strong in-place income, efficient operating expenses, a clear value-add strategy and the potential for creative financing, 521 N. 6th Street represents an excellent opportunity for investors seeking dependable cash flow, long-term appreciation, or a high-performing addition to an existing portfolio.

MLS® Number783022

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1890

Stories3

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

HeatBaseboard, Electric

A/CNone

Extras

Map

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